2001 (9) TMI 686 - AT - Central Excise

Summary

The Revenue appealed against the Commissioner (Appeals) order allowing Modvat credit for Rail Castings, Roller Castings, and Tray Castings as capital goods. The Revenue argued that these goods were not part of the furnace or used in manufacturing. The Tribunal dismissed the appeal, stating that the trays were essential parts of the furnace for the manufacturing process, supported by the Board's Circular. The appeals were rejected, and cross-objections were disposed of accordingly.